Your Resources
Time to update your Will
There are circumstance where your Will needs to be updated. Have you had a major change in your life since you made your will including:
- Been married, separated or divorced?
- Entered into or ended a de facto relationship?
- Had children?
- Started a business?
- Purchased significant property?
- Inherited money?
Bob separated from his second wife some years ago, but did not get around to updating his Will. That Will left half of his estate to his second wife.
When Bob died, his only children from his first marriage were stunned to find that his ex-second wife was to receive benefits that she would otherwise not have had.
If Bob had simply updated his Will, the anguish and expense of a legal battle would have been saved.
Updating your Will, which can be done quite simply in most cases, will ensure that your wishes are followed.
If any of the above circumstances apply to you it’s important to act promptly to update your Will.